Streetbeat News

Regulatory

UEC

Uranium Energy Corp (UEC) has announced a significant increase in uranium resources at its Burke Hollow Project, tripling its Measured and Indicated resources. The updated S-K 1300 technical report confirms UEC's leading position in the US ISR uranium mining sector.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 10:33 am

ITA

PPA

Boeing Co (NYSE:BA) has asserted its compliance with a 2021 agreement to avoid criminal prosecution after the 737 MAX crashes, countering a recent U.S. Justice Department finding. The Justice Department has until July 7 to decide on prosecutorial plans, which could include launching a criminal case or extending the deferred prosecution agreement. Boeing's stock has declined over 17% in the past year, and investors can gain exposure through IShares U.S. Aerospace & Defense ETF (BATS:ITA) and Invesco Aerospace & Defense ETF (NYSE:PPA).

Portfolio Pulse from Shivani Kumaresan

June 13, 2024 | 10:26 am

GRVY

Gravity Co., Ltd. (NASDAQGM:GRVY) announced that its MMORPG game 'Ragnarok: Dawn' received ISBN approval from the Chinese government, allowing it to be published in China.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 10:07 am

BYDDF

BYDDY

NIO

TSLA

XPEV

The European Union has introduced new tariffs on Chinese electric vehicles, impacting companies like BYD, Nio, Li Auto, and XPeng. Despite the tariffs, BYD is expected to remain competitive due to its cost advantages. The tariffs could accelerate localization plans for Chinese EV makers in the EU and have broader implications for the global automotive industry.

Portfolio Pulse from Benzinga Neuro

June 13, 2024 | 9:31 am

AAPL

Apple CEO Tim Cook discussed his legacy and the future leadership of Apple in an interview with Marques Brownlee. Cook emphasized his focus on the future rather than his legacy, acknowledging the inevitability of a leadership change. Speculation about potential successors includes Jeff Williams, John Ternus, Craig Federighi, and Deirdre O'Brien. Additionally, Apple announced new AI-powered features and iOS 18 at WWDC.

Portfolio Pulse from Ananya Gairola

June 13, 2024 | 8:55 am

GOOG

GOOGL

Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) faces a privacy complaint from Austrian advocacy group NOYB, alleging improper user tracking via Chrome. This comes amid ongoing scrutiny of Google's privacy practices, including concerns from the UK's ICO and a recent lawsuit over Incognito mode tracking.

Portfolio Pulse from Benzinga Neuro

June 13, 2024 | 7:18 am

Ivanhoe Electric Inc. (NYSE:IE) has clarified that Saudi Arabia Mining Company (Ma'aden) has no current plans to sell its shares in Ivanhoe Electric, despite recent media speculations. The Registration Statement filed was a procedural obligation under the Investor Rights Agreements from Ma'aden's initial investment.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 7:05 am

LUNAUSD

LUNCUSD

Terraform Labs and its founder Do Kwon have agreed to a $4.47 billion settlement with the SEC after being found guilty of defrauding cryptocurrency investors during the Terra (LUNA) collapse. The judgment includes $4.05 billion of disgorgement and a $420 million civil fine, but much of this is unlikely to be paid due to Terraform's bankruptcy. Kwon is banned from cryptocurrency transactions and must transfer $204.3 million to Terraform's bankruptcy estate.

Portfolio Pulse from Aniket Verma

June 13, 2024 | 5:46 am

BTCUSD

DOGEUSD

ETHUSD

Leading cryptocurrencies like Bitcoin, Ethereum, and Dogecoin saw a brief surge following favorable inflation data and the Federal Reserve's rate pause. However, the uptrend was short-lived due to hawkish comments from Fed Chair Jerome Powell. Despite the initial spike, Bitcoin's Open Interest dropped, indicating short covering by sellers. The cryptocurrency fear and greed index showed 'Greed,' suggesting FOMO is still prevalent.

Portfolio Pulse from Aniket Verma

June 13, 2024 | 1:51 am

NAAS

Trading for NAAS was halted at 7:50:00 p.m. ET due to pending news. Investors should stay tuned for further updates.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 11:50 pm